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May 24 - 11:55 PM

GBP/USD - USD Leads But Sterling Remains Resilient

By Andrew M Spencer  —  May 24 - 11:30 PM

  • +0.15% at the top of a 1.4155 - 1.4177 range with consistent flow

  • Safe haven USD a touch weaker with firmer stocks, E-mini S&P +0.2%

  • Charts; 10 & 21 daily moving averages climb, 21 day Bolli's head higher

  • Positive setup targets a successful test of the 1.4240 2021 high

  • Close below 1.4132 well tested rising 10 DMA to suggest more consolidation

  • Sustained break of 1.4037 21 DMA would be a bearish signal

  • 1.4155 Asian low and last week's 1.4233 high initial support and resistance


For more click on FXBUZ


gbp 2 may 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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